In the world of finance and economics, there is an ongoing whether responsible investing and the fiduciary duty asset managers hold to generate risk-adjusted returns can coexist. Responsible investing often manifests as due diligence into the Environmental, Social and Governance (ESG) factors of companies, which critics argue does not support making sound investment decisions. Proponents, however, view such analyses as a mechanism to ensure better long-term returns for individual companies, but, more importantly, greater long-term returns from a total market perspective. To truly understand the intersection of these two forces, we must examine them through the lens of 'externalities'. These are indirect costs or benefits incurred by third parties, which are often not accounted for in the price of a product...
The manufacturing industry is transforming in today’s interconnected, fast-paced world. Manufacturers worldwide are embracing sustainability, environmental challenges,...
